Port Canaveral Signs 35-year Agreement With GT USA

By Joseph R. Fonseca

Tuesday, June 24, 2014

Port Canaveral

On June 23, Port Canaveral signed a 35-year agreement with GT USA, the United States business arm of international terminal operator Gulftainer, to operate and develop its container and multi-purpose cargo terminal. The terminal is set to open in the last quarter of 2014.

The partnership with Port Canaveral is Gulftainer’s first entry into the U.S. market. Currently the largest privately owned terminal manager in the world, the 38-year-old company is expanding its global portfolio with the goal of becoming one of the top six global terminal operators by 2020.

According to Peter Richards, Gulftainer’s Managing Director, Port Canaveral was selected because of its ample space, deep water, strategic cost-saving location in relation to major Florida and Southeast markets, and quick transit from shipping lanes to dock. “We’re investing $100 million in infrastructure, technology and human capital to create the most economical and efficient gateway for goods entering and leaving Florida.”

Under Richards’ leadership, Gulftainer has recorded the highest productivity on various major shipping line vessels and is recognized as one of the fastest terminal operators in the world.